Under a workmen compensation insurance policy, a buyer can purchase medical expenses cover as an add-on. Different insurers define the limit of medical benefits differently. Some of these options are: A fixed sum (per case) daily, for the duration of hospitalization. The actual amount spent up to the total sum insured as defined at the […]
Articles Tagged: Workmen Compensation Insurance Policy
What Does “All Employees Covered” Assumption Mean in WC Policy?
Most organizations purchase workmen compensation insurance as an annual contract. However, the number of workers in any organisation could keep changing throughout the year. Thus, any or both of the following two situations may occur at the time of a claim: Number of workers employed by the insured is different from what was provided at […]
When to File Claim Application under Workmen Compensation Insurance?
A claim application for workmen compensation benefits should be filed by the workman immediately after an accident occurs. When a workman suffers injury in employment and while on duty then he should file for a compensation claim. Also, when a worker is diagnosed with a disease arising due to the nature of his work then […]
Steps To Take When Your Employee Is Injured At Work
The world is full of uncertainties, and no one can predict their fate, but we keep on trying for a better tomorrow. Similarly, your organization is your little world where you try your best for your employee’s safety. But sometimes worst things can happen like a workplace injury or illness that not only affects your […]
Workmen Compensation Insurance Policy: Who can be an Employer
An employer in a workmen compensation insurance policy is: A group of individuals. These may or may not be incorporated, Any managing agent of an employer. Managing Agent implies an individual appointed to represent another person for carrying out that other person’s trade or business. This does not include a subordinate to an employer or […]
What Are the Occupational Diseases Covered Under a Workman Compensation Policy?
Professional diseases are illnesses sustained by workers during their employment or because of the nature of work. Schedule III of the Workman Compensation Act provides the list of work-related diseases. Dividing into three parts, this schedule excludes diseases in Part A and B from policy coverage. Workman compensation insurance companies also provide additional coverage for […]
Who are Considered Dependents in Case of Workmen Compensation Insurance?
The Workmen Compensation Act, 1923 recognizes both the employees of an organization, and their dependents as beneficiaries, worker compensation insurance entitle both to receive the monetary benefit. The dependent is entitled to the insurance benefit in case of a workplace accident or injury, resulting in the death of an employee. However, the survivor benefits are […]
What Is Compressed Air Disease Covered Under a Workmen Compensation Policy?
The workmen’s compensation policy covers one of the occupational illnesses-Compressed air diseases. The working environment where air pressure may be higher or lower than the normal surface air pressure causes this sickness. This disease is likely to affect workers employed at high altitudes or underwater. Decompression Sickness or DCS is the other name for it. […]
What is Workers’ Compensation and in which cases does it benefit the employee/worker?
Workers’ Compensation or Employee Compensation refers to the monetary compensation offered to workers or employees of an organization, firm, household or any establishment in lieu of any injuries they might sustain while involved in employment-related activities. An important factor to note about worker’s compensation is that it is only applicable in the case where the […]
Is Employee Compensation insurance limited to specific industries only?
Irrespective of the industry your business relates to, you need to buy a WC (also known as EC) policy. Read more to know well about this policy.